Steem (STEEM)

Current price: $ 0.38

24 hours price change: $ 0.008017 (2.18%)

Daily analysis of Steem (STEEM) - 1 month

The performance of Steem regarding the price differs every day. To make the best decision to buy Steem, we are analysis in this article the performance of Steem on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on January 25th, 2021 to February 25th, 2021.

In the barchart below, the weekdays and average performance of Steem are shown side by side.

Average daily change in price of Steem per weekday between 01/25/2021 and 02/25/2021.

According to the performance of Steem between January 25th, 2021 and February 25th, 2021, Steem performed the best on Sundays. On average, the price of Steem increased 4.73% on Sunday.

The weekday on which the Steem performed the worst, is Friday. On Fridays, the Steem declined in value on average by -1.52%.

Steem weekday performance

The increase in value of the Steem is 4.73% on an average Sunday. However, the uncertainty on the average change is high for the Steem on Sundays. This is the reason why an expected increase of the Steem on an average Sunday cannot be predicted. The standard deviation for Steem on Sundays is high, namely 8.66%. This means that the expected range of value change for the Steem is -3.93% and 13.39% on 68% of the Sundays.

On an average Monday the Steem shows an increase in value of 1.68%. However, the change of Steem on most of the Mondays is between -1.68% and 5.04%. Therefore it is hard to tell whether an average Monday is a good day to start buying Steems.

On Tuesdays, the Steem decreases in value on average with -0.85%. On most of the Tuesdays the Steem decreases in value between -6.40% and 4.71%. The uncertainty (5.56%) is higher than the average decline percentage (-0.85%). Therefore, expected range of price changes of the Steem on Tuesdays is large.

It is hard to tell whether the Steem will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Steem is 0.00%. However, the standard deviation on this weekday is 4.53%. This means that on most Wednesdays, the change in value of the Steem is between -4.54% and 4.53%.

Historical performance on Thursday do not show an increase in value of the Steem on which a prediction can be made. The Steem increased in value on average on an average Thursday with 0.76%. However, the uncertainty of this increase is high. The expected change in value of the Steem on a Thursday is between -1.10% and 2.62% (see also the table below).

The Steem declines in value on an average Friday with -1.52%. However, the uncertainty (or standard deviation) is quite large, namely 3.96%. This means that it is not possible to say whether on a regular Friday the Steem will increase or decrease in value.

On an average Saturday the Steem shows an increase in value of 1.45%. However, the change of Steem on most of the Saturdays is between -4.63% and 7.54%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Steems.

Steem weekday performance details

Find below the details of the performance of Steem per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 4.73% 8.66% -3.93% to 13.39%
Monday 1.68% 3.36% -1.68% to 5.04%
Tuesday -0.85% 5.56% -6.40% to 4.71%
Wednesday 0.00% 4.53% -4.54% to 4.53%
Thursday 0.76% 1.86% -1.10% to 2.62%
Friday -1.52% 3.96% -5.49% to 2.44%
Saturday 1.45% 6.09% -4.63% to 7.54%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.